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    201 Section Line Rd Wayne City, IL 62895

    • Commercial real estate
    For Sale
    View listing
    $225,000
    Value Estimation
    Location Intelligence
    Property ID
    US28-4146690
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 201 Section Line Rd

    Property type
    Commercial real estate
    APN
    19-97-084-014-00
    APU
    199708401400

    Description

    Exceptional business opportunity in Wayne City, IL! This 1.73-acre property features a substantial 4000+ square foot building, previously a thriving body shop for two decades. The main shop boasts 50x38 dimensions, two 16x10 overhead doors, and gas-heated floors. A 47x8 storage container provides ample space for parts and supplies. The shop includes a 40x16 bay with a 14x12 overhead door and abundant LED lighting, plus a 48x20 bay equipped with a 24x14 Eagle Paint Booth featuring a bake cycle, full air makeup with side down draft, and a 14x12 overhead door. An office area (14x10) with a full-length counter and a 25x10 paint mix room are also present, with a 40x16 storage area above. The building is well-equipped with a screw-style refrigerant dryer air compressor, sandblasting cabinet, 200-amp service, Roto Phase converter, and window air conditioning units. A 20x18 carport on concrete adds further convenience. An additional acre of land behind the building offers potential for residential construction or business expansion. Ample parking is available. Asking price: $225,000. Located at 201 Section Line Road, Wayne City, IL 62895.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Wayne City
    County
    Wayne
    State
    Illinois
    Longitude
    -88.5867
    Latitude
    38.3419

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $1,415
    $2,005
    $18,792
    $20,797
    -
    $6,015
    $56,376
    $62,391

    Comparable in this City

    • Value Estimation by Request

      Wayne City, IL 62895

      COMMERCIAL (GENERAL)
      Wayne City, IL 62895
      View Details
    • Value Estimation by Request

      203 Main St

      COMMERCIAL (GENERAL)
      203 Main St, Wayne City, IL 62895
      View Details
    • Value Estimation by Request

      103 Main St

      COMMERCIAL (GENERAL)
      103 Main St, Wayne City, IL 62895
      View Details
    • Value Estimation
      $300,000
      2.79 Acres

      905 Main St

      COMMERCIAL (GENERAL) • 2.79 Acres
      905 Main St, Wayne City, IL 62895-0877
      View Details
    • Value Estimation by Request
      0.08 Acres

      Wayne City, IL 62895

      COMMERCIAL (GENERAL) • 0.08 Acres
      Wayne City, IL 62895
      View Details
    • Value Estimation by Request

      Wayne City, IL 62895

      COMMERCIAL (GENERAL)
      Wayne City, IL 62895
      View Details
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    201 Section Line Rd
    Wayne City, IL 62895
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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